NOVEMBER 2021

VOlUME 04 ISSUE 11 NOVEMBER 2021
The Influence of Google Search Intensity on the Stability of the Indonesian Capital Market in the Perspective of the Defense Economy
1Darnis, 2Guntur Eko Saputro, 3Ikhwan Syahtaria
1Student of Defense Economics Department, Indonesia Defense University, Indonesia
2,3Lecture of Defense Economics Department, Indonesia Defense University, Indonesia
DOI : https://doi.org/10.47191/ijsshr/v4-i11-49

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ABSTRACT

This study aims to determine the Influence of Google Search Intensity on the Stability of the Indonesian Capital Market, as well as looking at the defense and security aspects, especially the economy. The research sample is the shares of the banking sector companies listed on the Indonesia Stock Exchange for the 2016-2018 period. The independent variable used in this study is the Abnormal Search Volume Index. The control variables used are Volatility, and Abnormal Trading Volume Lagged. The dependent variable used is Abnormal Trading Volume. The sampling method used in this study used a purposive sampling technique. Obtained the number of samples as many as 18 companies. The analysis technique used in this research is panel data regression. The results of this study indicate that the intensity of Google searches using the ASVI proxy has a significant positive effect on the stability of the stock represented by Abnormal Trading Volume. This illustrates that the use of Google search intensity data can be used as a reference in making defense policies against non-military threats, especially the stability of the Indonesian Capital Market.

KEYWORDS

Capital Market Stability, Google Intensity, Stock Volatility, Economic Defense

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VOlUME 04 ISSUE 11 NOVEMBER 2021

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